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Glenn Hubbard, Leading Academic and Mitt Romney Advisor, Took $1200 an Hour to Be Countrywide’s Expert Witness

Karma is a bitch. Just ask Glenn Hubbard.

A few months ago, the Dean of Columbia’s business school was a leading economic advisor to Mitt Romney and a rumored (perhaps even consensus) candidate for the Treasury Secretary job.
Now Romney’s out of the presidential picture and Hubbard – well, he’s
just yet another grasping jobholder who’s been exposed as a paid
mouthpiece in a court proceeding.

Anyone who’s seen the movie Inside Job will recall the stupendously angering scene
in which Hubbard pissily snaps at his interviewer for asking about his
outside relationships with the financial services industry.
In the movie, renowned filmmaker Charles Ferguson pointed out that, among other things, Hubbard had co-authored a paper
with former Goldman chief economist William Dudley in which he praised
credit derivatives as having improved the “allocation of risk” and
helped produce “enhanced stability."Read Full Article>>>